Toon Finance excels during first round of presale
Toon Finance is the new token project that hit the scene recently this year and has made a name for themselves in the decentralized finance space. ToonFi is going to be one of the largest presales of the year bringing in community members from across the globe.
What is Toon Finance?
Toon Finance is a decentralized token that is built on the ERC20 blockchain. ERC20 tokens have been taking the world by surprise bringing members together for massive crypto gains. Market experts have said that Toon Finance will surpass coins like DOGE and SHIB. Only time will tell, the team has a solid foundation with a great plan of action. Toon Finance has a total supply of 1 Billion Coins, 50% will be sold in presale.
Toon Finance NFT
Toon Finance is dropping the NFT project of the year releasing their toonies in the toonieverse. This is something that you will not want to miss out on. The first 1,000 members get a chance at receiving an airdropped NFT. That means you can be a part of the Toonie squad free of charge.
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How to Participate in an ICO Presale
Blog Introduction: A cryptocurrency ICO, or initial coin offering, is a type of fundraising event in which a blockchain-based project sells its underlying crypto tokens in exchange for bitcoin or ether. In some cases, fiat currencies are also accepted.
An ICO presale (or “private sale”) is a period of time before the ICO launch when tokens are sold to strategic investors at a discount. The funds raised during the presale are used to finance the development and marketing of the project leading up to the main ICO event. For investors, participating in an ICO presale offers the opportunity to get in on a project at an early stage and reap greater rewards down the road.
How to Participate in an ICO Presale
In order to participate in an ICO presale, you will need to have an account with a cryptocurrency exchange that supports the project’s token.
For example, if the project is launching on the Ethereum blockchain, you will need an account with an exchange that supports ERC20 tokens. Once you have set up your account and funded it with bitcoins or ether, you will be able to trade for the project’s tokens.
When the ICO presale begins, the project’s team will announce how many tokens are available and at what price. You can then place an order to buy tokens at that price. If your order is filled, you will receive tokens in your account that can be traded or held as an investment.
It’s important to remember that not all ICOs have a pre-sale phase. Some projects choose to launch their ICOs directly to the public. In these cases, you can simply participate by buying tokens during the main event.
An ICO presale offers investors the chance to get in on a project at an early stage and reap greater rewards down the road. In order to participate in an ICO presale, you will need to have an account with a cryptocurrency exchange that supports the project’s token.
When theICO presale begins,the project’s team will announce how many tokens are available and at what price. You can then place an order to buy tokens at that price. If your order is filled, you will receive tokens in your account that can be traded or held as an investment.
Fantom (FTM): The Future of Smart Contracts?
Fantom is a smart contract platform that uses a directed acyclic graph (DAG) to provide decentralized finance (DeFi) services to developers.
The platform has its own bespoke consensus algorithm that allows for quick and easy transactions. In this article, we will take a look at what Fantom is, how it works, and what the future holds for the platform.
What Is Fantom?
Fantom is a smart contract platform that uses a directed acyclic graph (DAG) to provide decentralized finance (DeFi) services to developers. The platform has its own bespoke consensus algorithm that allows for quick and easy transactions. The native token of the Fantom network is called FTM.
How Does Fantom Work?
The Fantom network is powered by Opera, a scalable and secure smart contract platform. Opera uses delegated proof-of-stake (DPoS) to achieve consensus.
This means that there are elected validators who verify transactions on the network. The more FTM you have staked, the higher your chances of becoming a validator.
The DAG structure of the Fantom network allows for quick and easy transactions. Transactions are verified by multiple nodes, which makes them more secure than traditional blockchain-based platforms. The consensus algorithm also means that there is no need for energy-intensive mining operations.
What Is the Future of Fantom?
The Fantom foundation has ambitious plans for the future of the platform. The team is working on several projects that will make Fantom one of the leading smart contract platforms in the world.
These include
- A cross-chain bridge that will allow users to transfer assets between different blockchains;
- A decentralized exchange (DEX) that will allow users to trade assets without having to rely on centralized exchanges;
- A stablecoin that will be pegged to the US dollar;
- A payment gateway that will allow businesses to accept payments in FTM;
- A data marketplace that will allow developers to monetise their data
Fantom is an ambitious project with a lot of potential. The team behind the platform is working hard to make it one of the leading smart contract platforms in the world. If they are successful, Fantom could revolutionize the way we interact with blockchain technology.
Why Toon Finance is surpassing Basic Attention Token (BAT)
Chances are that you have seen the term “Basic Attention Token” pop up more and more in recent months as the project has gained increasing traction and attention in the crypto space. So, what exactly is BAT?
In short, it is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend. Let’s take a closer look.
What Is Basic Attention Token?
Basic Attention Token is an ERC20 token built on the Ethereum blockchain. The project was created by Brendan Eich, the co-founder of Mozilla Firefox and the creator of JavaScript. The team behind BAT believes that the current digital advertising model is broken and that there is a need for a new system that is fairer to both users and advertisers.
How Does It Work?
The Basic Attention Token platform has three key components: The Brave browser, the BAT ad network, and the BAT token. Let’s take a look at each of these in turn.
The Brave browser is a privacy-focused web browser that blocks third-party ads and trackers by default. Users can opt into viewing privacy-respecting ads in exchange for rewards in the form of BAT tokens. These ads are served directly to users via the Brave browser and are designed to be less intrusive than traditional online ads.
The BAT ad network is a decentralized advertising platform that connects advertisers with publishers who have opted into displaying BAT ads. Advertisers purchase ad space using BAT tokens, which are then used to pay publishers based on the amount of user attention they generate. Users who view these ads also receive a portion of the ad revenue in BAT tokens as a reward for their attention.
The final piece of the puzzle is the BAT token itself, which is used to purchase ad space on the BAT ad network and to pay users for their attention. The supply of BAT is limited to 1 billion tokens, with 80% of these being sold during the project’s ICO in May 2017 and 20% being reserved for various operational expenses such as user growth pool rewards, developer bounties, and so on.
So there you have it—a quick introduction to Basic Attention Token! This project has generated a lot of excitement in recent months thanks to its innovative approach to digital advertising, strong team backing it, and growing adoption rates. If you’re looking for an interesting altcoin to add to your portfolio, BAT may be worth considering!
Ethereum Name Service: The Future of Domain Names?
In the early days of the internet, anyone could register a domain name. This led to a lot of domain squatting, where people would register common names in the hopes of selling them later at a higher price. To combat this, domain registrars were introduced, and you now have to pay a small fee to register a domain name.
The same thing is happening with Ethereum addresses. Just like with traditional domain names, there is a finite number of Ethereum addresses. And just like with traditional domain names, people are starting to squat on Ethereum addresses in the hopes of selling them later at a higher price.
This is where Ethereum Name Service (ENS) comes in. ENS is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion — associating metadata and machine-readable addresses with human-readable Ethereum addresses — is also possible.
In other words, ENS allows you to register an Ethereum address that is easy for humans to remember, just like a traditional domain name. And just like with traditional domain names, you can set up subdomains, so you can have addresses like john.wallet.eth or john.exchange.eth.
ENS is still in its early stages, but it has the potential to revolutionize how we interact with decentralized applications (dapps). With ENS, we can finally have user-friendly dapp URLs that are easy to remember and share!
How ENS Works
ENS works by allowing users to register domains on the Ethereum blockchain. These domains are then stored in a decentralized database called the Ethereum Name Registry (ENR). The ENR is similar to DNS (Domain Name System), which is the centralized database that stores traditional domain names and their associated IP addresses.
When you type in a traditional domain name like google.com into your web browser, your computer will look up the IP address associated with that domain name in DNS. Once it has the IP address, it will connect you to the correct website.
With ENS, instead of looking up an IP address in DNS, your computer will look up an Ethereum address in the ENR. Once it has the Ethereum address, it will connect you to the correct dapp or smart contract on the Ethereum blockchain!
By allowing users to register domains on the Ethereum blockchain, ENS provides a user-friendly way to interact with dapps and smart contracts. In the future, we may see more widespread adoption of ENS as more people become familiar with cryptocurrency and decentralized applications. For now, ENS remains one of the most promising projects in the cryptocurrency space!
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